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The Josh Bersin Company
A Week Of Chaos: Twitter, Meta, FTX, Election, Inflation, And More
Nov 12, 2022
This week delves into the chaos affecting the tech industry, including layoffs at Twitter and Meta and the lessons in leadership behind them. The collapse of cryptocurrency trust is explored amidst shifting political sentiments. Challenges in hiring and employee compensation are examined, emphasizing the importance of skills-based recruitment. Insights into the need for transparent pay practices and the evolving job market dynamics highlight how company culture and employee development are key to survival.
17:40
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Quick takeaways
- The recent tech layoffs at Twitter and Meta highlight the industry's need for sustainable growth and alignment with financial realities.
- Growing distrust in political figures signifies a public desire for leadership grounded in transparency, integrity, and principled governance.
Deep dives
Tech Industry Layoffs and Market Dynamics
Recent significant layoffs at companies like Twitter and Meta highlight the ongoing adjustments in the tech industry amidst a market correction. Tech companies have been operating in a bubble characterized by inflated valuations, leading to costly decisions and unsustainable growth. Twitter's struggles exemplify how a lack of clear profitability and a focus on attracting a niche audience have undermined its business model. In contrast, Meta's layoffs were framed as a necessary response to overexpansion and a costly gamble on future technologies such as the Metaverse, indicating the pressures that tech giants face to realign their operations with financial realities.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode